13 November 2011 – PSEi Analysis

PSEi 4,312.96.

Uptrend – GLO, ICT, JFC, JGS, MEG, MPI, SCC, SM, SMPH, TEL, URC
Downtrend – AC, AP, BDO, CEB, DMC, FGEN, MER, PX, SMC, SMDC
Sideways – AEV, AGI, ALI, BEL, BPI, EDC, MBT, MWC, RLC

The list above is based on identifying the short to medium term trend (past 1-3 months). Uptrends occur when prices go up, indicated by higher highs and higher lows. Lower highs and lower lows indicate prices are going down, or Downtrends. Sideways trends are a gray area.

There are different kinds of Sideways markets. They can be flat, with prices unchanging. They can trade within a range, or they can be directionless, with quite unpredictable behavior. I make no distinction in my analysis above.

As a trend-following trader, I like to Buy/Hold stocks in an Uptrend, Sell/Avoid stocks in a Sideways market or Downtrend.

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